News

Nigerian Content Development and Monitoring Board (NCDMB) has signed an equity investment agreement with Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State. The Board also signed an equity investment…
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The Atlas Petroleum International at the weekend resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field. Awarded to Atlas Petroleum International in 1991,…
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The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150…
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The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and…
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The Nigerian Content Development and Monitoring Board (NCDMB), has disclosed that the country is developing various projects to promote commercialization and utilization of gas and the Board is supporting federal government’s vision in…
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The Chairman and Chief Executive Officer (CEO) of Oilserv Limited, Engr. Emeka Okwuosa has said that President Mohammadu Buhari has shown dedication for the development of Local Content and Capacity through the Ajaokuta Kaduna Kano (AKK)…
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As President Mohammadu Buhari perform the flag off ceremony of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, Oilserv Limited one of the nation’s leading EPC partners in the project will employ and absorb about 3,000…
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Analysts and commercial sources told Reuters that the global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, which negatively affects the marine fuel market, as the demand for marine freight…
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Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would go in corrupt payments to politicians and officials, an Italian prosecutor said on Thursday. “They were…
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…Says Leaking Line Contains Water, Not Petrol The Nigerian National Petroleum Corporation (NNPC) has called on members of the public to discountenance reports of a possible fire outbreak from a vandalized point on its pipeline at Aboru…
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